Results 18,121-18,140 of 35,788 for speaker:Pearse Doherty

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: For an employer looking at it and saying he or she wants to pay an employee the average wage in the country, he or she will have to pay net pay, tax and the employer PRSI. In Belgium, that would cost him or her €74,000, or €74,913? Is that correct?

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: What makes up the labour costs? Is that not employer's PRSI, employee's PRSI, income tax and the wage?

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Therefore, the cost to the employer of paying an average wage in Belgium would be that amount.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: In Ireland-----

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: I am sorry but I am very interested in these answers.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: These are the questions. The questions are about how it appears in the data as presented that, in terms of the cost of employing someone on an average wage in the 15 countries, only Greece and Portugal would have lesser costs in terms of labour costs. This is my point. There is a narrative that everyone believes, which is that high marginal tax rates and particularly those we have in...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Dr. McDonnell has provided us with graphs on it. If we take the a one-earner married couple with two children, Ireland falls below the UK as well as the EU average in terms of the tax wedge and labour costs. This is not only at 100% but right up to 250%.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: This is for a one-earner married couple with two children.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: I have two final short questions, the first of which relates to the smoothing effect in terms of capital expenditure. We could provide for €200 million in tax cuts through rate increases or a reduction of half a percentage point in the USC rate, which would give someone on an average income approximately €1 a week. However, that figure could be quadrupled if we used capital...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Yes.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: If the Government decided not to pursue €200 million in tax cuts, it could decide to invest €800 million in social housing this year and that would be spread out over four years.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Of course. The fiscal space is a lot bigger in those years.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: That is why it would be prudent to-----

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: I have a final question. If I were to look for evidence that is based on research, what would be the best type of research to show me that marginal tax rates in this State are a deterrent to employment and, in the opinion of policy decision-makers like Dr. McDonnell, should therefore be reduced? I wish to clarify that I disagree completely with this theory. When representatives of the ESRI...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Let us test this. Is there any evidence to suggest that the tax rates we have at this point in time are a deterrent to employment?

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Dr. O'Donnell might just correct me here. Is the marginal tax rate 49% or is it the 52% rate? Britain, for example, has a number of rates.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: If one is over €70,000, one's USC will be 8%.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Fáilte roimh. We know from the Coffey report and the tax strategy papers that claims for capital allowances for intangible assets increased from €2.7 billion in 2014 to €28.9 billion in 2015, which was an enormous jump. Obviously, intangible assets include intellectual property. This coincides with the onshoring of IPs by some multinationals. The Coffey report has...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: Could the cap be placed in this year's budget?

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)

Pearse Doherty: The Irish Government has become known for kicking the can down the road, so I expect that a process of consultation will be embarked upon to consult on a report that took quite a period of time to be drafted. We do not tend to do things fast, particularly when it comes to raising taxes on multinationals.